DFW ARCHIVED January 2017 | Page 11

Collin Community Information | School District

Collin Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
Market Time
The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward
50
45
46
46
46
trend in DOM tends to indicate a move towards more of a
40
Buyer ' s market , a downward trend a move towards more of a
35
Seller ' s market . The DOM for January was 46 , up 2.2 % from 45 days last month and equal to 46 days in January of last year . The
January 2017 DOM was at its lowest level compared with
30
25
January of 2016 and 2015 .
20
15
10
5
0
F
M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
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15
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17
Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
The Selling Price per Square Foot is a great indicator for the direction of Property values . Since Median Sales Price and
Average Sales price can be impacted by the ' mix ' of high or low end Properties in the market , the selling price per square foot is a
150
145
140
more normalized indicator on the direction of Property values .
135
The January 2017 Selling Price per Square Foot of $ 128 was
130
128
down 1.4 % from $ 130 last month and up 8.3 % from 118 in
125
January of last year .
120
118
115
110
109
105
100
F
M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
14
15
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Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price . The lower the ratio is below 100 % the more of a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The January 2017 Selling Price vs Original List Price of 97.3 % was up from 96.7 % last month and down from 97.4 % in January of last year .
Inventory / New Listings / Sales This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales . The graph shows the basic annual seasonality of the market as well as the relationship between these items . The number of New Listings in January 2017 was 1,280 , up 53.5 % from 834 last month and up 3.1 % from 1,242 in January of last year .
101 % 100 % 100 % 99 % 99 % 98 % 98 % 97 % 97 % 96 % 96 % 95 %
3,000 2,500 2,000 1,500 1,000
500
Selling Price versus Listing Price Ratio
97.2 %
97.4 % 97.3 %
F
M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
14
15
16
17
Inventory / New Listings / Sales
1,890 1,935
2,097 2,344 2,382 2,424
Avg Selling Price divided by Avg Listing Price for sold properties during the month
2,599 2,271
2,073
1,792 1,484 1,473 1,468 1,543
1,735 1,900 1,952 2,348 2,361 2,197 2,102
1,810 1,585 1,633 1,735
1,907 2,120 2,148
2,419 2,706 2,643 2,669
3 Mo Avg
2,596 2,454
2,168 2,313
0
F
M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
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15
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